A bipartisan majority of Americans oppose U.S. taxpayers footing the bill when bad management causes a bank to fail, though Republican opposition to bank bailouts has softened over the last decade, a Reuters/Ipsos poll completed on Wednesday found.
Banks have been stressed in recent months by rising interest rates, which reduce demand for borrowing money. In a series of moves telegraphed in advance to investors, the U.S. Federal Reserve, America's central bank, has pushed interest rates higher over the last year in a bid to tame inflation.
Still, support for bailouts was even more tepid a decade earlier, when the United States was emerging from a financial crisis which the government fought by spending hundreds of billions of dollars on bank bailouts. In a 2012 Reuters/Ipsos poll, only 20% of Republicans and 53% of Democrats said they supported bailouts.
The Reuters/Ipsos poll showed broad bipartisan support for Washington backing bank deposits. Seventy-eight percent of respondents said the government should guarantee the deposits of individuals and 70% said Washington should backstop company deposits.
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